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Digital Subscriptions > Portfolio Adviser > June 2017 > MAN VS MACHINE?

MAN VS MACHINE?

Stacey Ash, investment manager at iFunds Asset Management, says fund managers have little to fear from the advances in technology – and everything to gain

Asset allocator iFunds Asset Management

Seneca’s chief investment officer Peter Elston made national headlines recently by posing the question: is a computer going to steal my job?

Elston cited three high-profile cases where computers have beaten human brain power at traditional games: chess in 1996; the Chinese board game Go in 2015; and, most recently in January, artificial intelligence emerged victorious at poker.

So how long will it be before computers replace fund managers?

Fundamental drivers

For Stacey Ash, investment manager at iFunds Asset Management, the narrative surrounding the rise of the robots should not be one of a Terminator- style clash of ‘man versus machine’, but one of “man and machine working” in harmony.

iFunds was founded in 2002 by Nigel Baynes and Paul Hudson, the duo that developed the software that now drives iFund’s three multi-asset absolute return funds.

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About Portfolio Adviser

Portfolio Adviser is the leading monthly publication for investment specialists, DFMs and wealth managers who represent high-net-worth clients based in the UK and the Channel Islands. It is the financial service industry’s guide to the latest trends in fund selection, portfolio construction and asset allocation.
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